Oracle plans to lay off up to 1,000 in Europe: AFP

By IBT Staff Reporter On 07/02/09 AT 4:32 PM

Oracle Corp plans to lay off up to 1,000 workers in Europe, or about 1 percent of its global staff, as the recession erodes the giant software company's earnings, French news agency AFP reported on Thursday.

Oracle spokeswoman Deborah Hellinger declined to comment.

The world's No. 2 publicly held software maker would be one of the last major technology companies to undertake significant layoffs in this economic downturn.